Jakarta, Oct. 24 -- The government plans to offer incentives, such as potential tax holidays, to companies that establish ethanol plants in Indonesia.

This move is intended to support the implementation of the mandatory 10 percent bioethanol (E10) blending policy set for 2027, according to Energy and Mineral Resources Minister Bahlil Lahadalia.

"There will be incentives, possibly tax holidays," he told the press here on Friday.

The minister revealed that there is potential for Brazilian investors to participate in developing ethanol plants in Indonesia, a possibility currently being discussed following the signing of a Memorandum of Understanding (MoU) between the two nations.

Minister Lahadalia stated that approximately 1.4 million k...